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Canadian Dollar Rises As Crude Oil Prices Surge
The Canadian dollar strengthened against other major currencies in the Asian session on Monday, as the prices of crude oil went up on supply concerns due to the political instability in Russia.
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European Shares Seen Opening Higher After Failed Wagner Mutiny
European stocks may open on a positive note Monday as investors keep a close eye on the situation in Russia.
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European Economic News Preview: Germany Ifo Business Confidence Due
Business confidence from Germany is the only major economic report due on Monday, headlining a light day for the European economic news. At 3.00 am ET, Spain's statistical office INE is set to publish producer prices for May. Producer prices are forecast to fall again by 4.5 percent on a yearly basis in May.
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Sensex, Nifty Tad Higher Despite Weak Global Cues
Indian shares were a tad higher on Monday despite weak cues from global markets.
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Asian Markets Mixed In Cautious Trades
Asian stock markets are trading mixed on Monday, following the broadly negative cues from global markets on Friday, as traders remain cautious and concerns about the outlook for interest rates and the global economy after aggressive monetary tightening by major central banks last week. Asian markets closed mostly lower on Friday.
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Canadian Dollar Rises Against Majors
The Canadian dollar strengthened against other major currencies in the Asian session on Monday.
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Sensex, Nifty Likely To See Cautious Start On Weak Global Cues
Indian shares look set to open on a cautious note Monday, with foreign investment trends, rupee-dollar movements and the scheduled F&O series expiry on June 29 likely to influence trading in the holiday shortened week.
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Japanese Market Slightly Higher
The Japanese stock market is slightly higher in choppy trading on Monday after opening well in the red, recouping some of the losses in the previous two sessions, with the Nikkei 225 staying above the 32,800 level, despite the broadly negative cues from global markets on Friday, as traders continue to react to the aggressive monetary tightening by major central banks last week.
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Australian Market Modestly Lower
The Australian stock market is modestly lower on Monday, extending the losses in the previous three sessions, with the benchmark S&P/ASX 200 staying below the 7,100 level, following the broadly negative cues from global markets on Friday, as aggressive monetary tightening by major central banks continued to weigh on markets.
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TSX Ends Lower For 6th Straight Day
Canadian stocks drifted lower on Friday, extending losses to a sixth straight session, amid rising concerns interest rate hikes will hurt growth and weigh on corporate earnings as well.
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Dollar Rises Against Major Counterparts On Safe Haven Appeal
The U.S. dollar firmed against its major counterparts on Friday amid concerns about inflation and on Fed Chair Jerome Powell's congressional testimony that signaled more interest rate hikes from the U.S. central bank.
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Canadian Market Remains In Negative Territory, Set For Another Weak Close
The Canadian market is down firmly in negative territory Friday afternoon due to sustained selling at several counters, and looks set for another weak close.
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Swiss Market Ends Modestly Higher
The Switzerland stock market ended modestly higher on Friday, recovering well after very nearly falling into negative territory in late afternoon trades.
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